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| --- | --- |
| 7. | No Waiver. No failure on the part of any of Beneficiaries to exercise, and no delay in exercising, any right or power under this Guaranty shall operate as a waiver thereof,
nor shall any single or partial exercise of any such right or power preclude any other or further exercise thereof or the exercise of any other right or power, or of any remedy, of any Beneficiary under this Guaranty, the Operative Documents or
applicable law.  |

  




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| --- | --- |
| 8. | Guaranty of Performance. This Guaranty is a guaranty of payment and performance and not of collection and Guarantor waives any right to require that any action against Lessee
or any Lessee Affiliate be taken or exhausted prior to action being taken against Guarantor. Guarantor shall pay to each Beneficiary on demand all reasonable attorneys’ fees and other reasonable expenses incurred by such Beneficiary in
successfully enforcing its rights and remedies hereunder.  |

  




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| --- | --- |
| 9. | Representations and Warranties. Guarantor represents and warrants to and for the benefit of each Beneficiary that:  |

  




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| --- | --- | --- |
|   | (a) | Due Organization. Guarantor is a company duly organized under the Laws of Nevada and has the full power and authority to carry on its business as presently conducted and to
enter into and perform its obligations under this Guaranty.  |